Global Undiscovered Gems With Strong Fundamentals

Invest Bank

Market Cap: د.أ225.0m

Provides various banking and related financial services in Jordan.

Dekpol

Market Cap: zł714.2m

Dekpol S.A. primary engages in the general contracting and steel structures and equipment businesses in Poland.

KABE Group AB (publ.)

Market Cap: SEK 1.9b

Engages in the construction and sale of caravans, motorhomes, and camping accessories in Sweden, the United Kingdom, Germany, Norway, Finland, Denmark, Poland, and internationally.

Tchaikapharma High Quality Medicines AD

Market Cap: лв1.7b

Develops, manufactures, and sells medicines in Bulgaria.

AB Akola Group

Market Cap: €304.0m

Through its subsidiaries, engages in the production, preparation, and sale of agricultural and food products in Lithuania, Scandinavian, rest of Europe, Africa, Asia, and CIS countries.

VNV Global

Market Cap: SEK 2.8b

VNV Global AB (publ) formerly known as Vostok New Ventures Ltd., is a private equity and venture capital firm specializing in growth capital, buyout investments, incubation, seed/startup, early venture, mid venture, late venture.

Alumil Aluminium Industry

Market Cap: €162.7m

Engages in the design and production of architectural aluminum systems in Greece and internationally.

Pure Cycle

Market Cap: US$281.9m

Provides water and wastewater services in the United States.

FRMO

Market Cap: US$321.4m

Through Horizon Kinetics, LLC, operates as an investment advisory and independent research company in the United States.

Soma Gold

Market Cap: CA$187.0m

A natural resource company, engages in the acquisition, exploration, and development of mineral properties in Columbia.

Tri-County Financial Group

Market Cap: US$115.9m

Operates as a bank holding company for First State Bank, providing various banking and mortgage banking services and insurance services to individuals and businesses in the United States.

A3 Mercados

Market Cap: AR$784.6b

Operates as a market for negotiable securities in Argentina and internationally.

Societe de Limonaderies et de Boissons Rafraichissantes d'Afrique

Market Cap: XOF 474.1b

Engages in the manufacture and sale of beer, soft drinks, mineral water, alcomixes, and energy drink products.

Grendene

Market Cap: R$4.8b

Engages in the development, production, distribution, and sale of plastic footwear for women, men, and children in Brazil and internationally.

Sound Financial Bancorp

Market Cap: US$114.2m

Operates as the bank holding company for Sound Community Bank that provides banking and other financial services for consumers and businesses.

Standard Bank

Market Cap: MK 998.4b

Provides banking and other related services in Malawi.

Sparta

Market Cap: €125.6m

A publicly owned investment manager.

Bank of Africa Mali

Market Cap: XOF 119.4b

Provides various banking products and services to individuals, business customers, and SMEs in Mali.

Envirotainer

Market Cap: €398.1m

Develops, produces, and markets vacuum insulation panels and phase change materials in Germany, rest of European Union, and internationally.

Central Forest Group

Market Cap: JP¥22.7b

Engages in the wholesale of food, alcoholic beverages, and other related consumer products in Japan.

Inversiones Doalca SOCIMI

Market Cap: €156.6m

Inversiones Doalca Socimi, S.A., a real estate investment company, leases and rents real estate properties in Spain.

FRoSTA

Market Cap: €614.5m

Develops, produces, and markets frozen food products in Germany, Poland, Austria, Italy, and Eastern Europe.

Procimmo Group

Market Cap: CHF 364.9m

A holding company, engages in the investment, management, and sale of real estate properties in Switzerland.

ANSA Merchant Bank

Market Cap: TT$2.4b

Provides a range of banking and financial services in Trinidad and Tobago, and Barbados.

Franklin Financial Services

Market Cap: US$253.2m

Operates as the bank holding company for Farmers and Merchants Trust Company of Chambersburg that provides commercial, retail banking, and trust services to businesses, individuals, governmental entities in Pennsylvania.

Metalpha Technology Holding

Market Cap: US$101.9m

Provides wealth management services in Hong Kong.

Itafos

Market Cap: CA$558.4m

Operates as a phosphate and specialty fertilizer company.

Union Bankshares

Market Cap: US$110.9m

Operates as the bank holding company for Union Bank that provides retail, commercial, and municipal banking products and services in the United States.

Seneca Foods

Market Cap: US$770.4m

Provides packaged fruits and vegetables in the United States and internationally.

RÁBA Jármuipari Holding Nyrt

Market Cap: Ft43.3b

Manufactures and sells vehicle components in Hungary, Germany, rest of Europe, the United States, Asia, and Australia.

ABG Sundal Collier Holding

Market Cap: NOK 4.2b

Provides investment banking, stock broking, and corporate advisory services in Norway, Sweden, Denmark, and internationally.

Affinity Bancshares

Market Cap: US$127.5m

Operates as the holding company for Affinity Bank that provides various banking products and services in Georgia.

Société Multinationale de Bitumes Société Anonyme

Market Cap: XOF 73.3b

Processes heavy bitumen crude in Africa.

Deutsche Balaton

Market Cap: €240.2m

A private equity focusing on private equity investments in listed and unlisted companies, real estate investments and investments in other assets.

Amir Marketing and Investments in Agriculture

Market Cap: ₪422.3m

Supplies and markets agricultural inputs in Israel.

Terminal X Online

Market Cap: ₪791.8m

Offers clothing, footwear, fashion accessories, cosmetics, and beauty products for men, women, and teenager under various brands through online.